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Market closes lower as shares hit by profit-taking

2013-11-18 11:28:23| Grocery - Topix.net

The All Ordinaries Index closed down 18 points at 5,378, while the ASX 200 gave up almost one third of a per cent to end at 5,385.

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Squatex discovers gas in Lower St Lawrence area

2013-11-18 01:00:00| Hydrocarbons Technology

Oil and gas exploration company Ressources et Energie Squatex has discovered a large quantity of conventional natural gas in the Lower St Lawrence area in Canada.

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Obama administration announces lower quotas for ethanol in gasoline

2013-11-16 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Barack Obama on Friday backed away from the notion of corn ethanol representing a cure for climate change, as he proposed to cut the amount of ethanol that is blended into the US gasoline supply. The Environmental Protection Agency said it would for the first time seek to lower quotas for ethanol that have diverted close to 40% of America's corn crop from the global food chain and into the country's gas tanks. The EPA said it would seek to reduce the quotas under the Renewable Fuel Standard, from...

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US: Kohl's trims outlook on lower Q3 profit

2013-11-15 12:18:00| Daily apparel & textile news and comment - from just-style.com

US department store operator Kohl's has lowered its full-year earnings guidance after reporting an 18% decline in third-quarter net profit.

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Vivendi reports flat sales, lower profit in Q3

2013-11-15 08:59:00| Telecompaper Headlines

(Telecompaper) French media and telecom group Vivendi reported EUR 5.35 billion of revenue in the third quarter, compared to EUR 5.34 billion in the third quarter of 2012. Sales were driven by 18.5 percent growth to EUR 1.16 billion at Universal Music and a 6.8 percent increase to EUR 1.26 billion at Canal Plus, offset by lower sales at its other core operations, French operator SFR and Brazilian operator GVT. Group EBITA decreased 27.9 percent to EUR 587 million from EUR 814 million. Only Universal Music saw EBITA growth, of 36.6 percent to EUR 112 million, while EBITA at SFR declined by 37.8 percent to EUR 334 million. Vivendi's adjusted net profit fell by 14.8 percent to EUR 403 million from EUR 473 million. The group confirmed its annual targets and said it would continue looking at splitting its telecom and media assets.

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